Renowned account Rainbow Fish buys 5 million of own prototype Meme coin, FISH soars in value to hit new all-time high

January 8th — Per GMGN monitoring (https://t.me/gmgnaibot?start=i_m4TE56o8), X’s prominent account Rainbow Fish acquired 5 million units of the Solana-based meme coin FISH and locked the holdings until 2027. The news sparked a short-term 66% surge for FISH, pushing its market cap to a new high of $13.36 million. It has since retreated to $11.1 million, with a current spot price of ~$0.011. The token’s 24-hour trading volume hit $6.2 million, ranking third on the trading leaderboard. Separately, FISH saw a nearly 400% intraday rally today, peaking at $0.0073 before pulling back to ~$0.0061. Its current market cap stands at ~$6.16 million, marking a 300% 24-hour gain. FISH draws inspiration from the character in international bestseller *The Rainbow Fish*. Its recent popularity stems from X’s well-known parody account Rainbow Fish: after four years of inactivity, the account abruptly returned on the afternoon of January 1st and engaged with meme content. A token bearing the same name launched on Pump.fun shortly after, fueling a frenzy around FISH and related Solana meme coins. In one day, its market cap skyrocketed from ~$70,000 to ~$700,000 — nearly a 10x increase.